Alternatives

The choice of alternative solutions depends on whether you want to keep bearer shares and just ensure for yourself the higher level of privacy and confidantiality, or you want to avoid the custodian matters and the increase in annual fees by relinquishing the right to issue bearer shares.

In the first case – if you still want to preserve the right to issue bearer shares – following alternatives exist:

• Establishing a trust. Then ownership of shares in an IBC may be settled into a trust.
• Re-domiciling your company into an alternative jurisdiction. The IBC Act gives the possibility to companies to re-domicile to other jurisdictions. Many jurisdictions, including, for example, Seychelles and Anguilla, have not implemented custodianship issues until this moment, and do not have proposed increases in government fees on issue or the ability to issue bearer shares in the M & A.
• Incorporating a new company in other jurisdictions that allow the issue of bearer shares without involving custodians. This alternative may suit you if you have no need to keep the existing BVI Company and would like to continue using bearer shares freely.
• Using a company from another jurisdiction as a holding company that allows bearer shares for your existing BVI Company. You can consider this variant if you would like to keep your existing BVI Company and would like to keep on using bearer shares.
• Using Nominee Service to enjoy a higher level of confidentiality. On the other hand, the Share Certificate for a nominee shareholder is an alternative to bearer shares.